New Delhi: Carmaker Toyota Kirloskar Motor on Thursday launched a new variant of its premium sedan Corolla Altis in both petrol and diesel options in the country, priced between Rs 10.53 lakh and Rs 14.77 lakh (ex showroom Delhi).

"Since the launch of the first Corolla in India in 2003, we have been getting very good response for the car. So far we have sold 70,000 units of the car across the country," Toyota Kirloskar Motor Managing Director Hiroshi Nakagawa told reporters here.

The company sold 10,400 units of Corolla Altis in 2010, and is expecting to sell 11,500 units this year.

The new Corolla Altis will come with a 1,798 cc engine. The petrol variant is priced at Rs 10.53 lakh to Rs 14.77 lakh, while the diesel option will be available for Rs 11.46 lakh to Rs 14.55 lakh.

Toyota to miss 2011 sales target

Japanese car giant Toyota on Thursday said it will miss its sales target in India in 2011 by about 10,000 units on account of production cut that it undertook following the disastrous earthquake and tsunami.

The company, which is present in India through a joint venture with the Kirloskar Group, said it expects to produce and sell 2.1 lakh units next year.

"Earlier, we had set a target of 1,50,000 units for this year. But now that has been reduced to 1,40,000 units due to the one month production cut following the tsunami in Japan," Toyota Kirloskar Motor (TKM) Deputy Managing Director (Marketing) Sandeep Singh told reporters here.

"We are looking to produce 2.1 lakh units in 2012 and will also try to sell all the vehicles," Singh said.